(1) The fiscal court of any county may select or appoint four (4) or more commissioners who are freeholders and legal voters and residents of the county, to act as a road commission in the handling of any funds derived from the sale of bonds authorized and voted by the county for the purpose of constructing and reconstructing roads and bridges. The commissioners shall be equally divided between the two (2) dominant political parties of the county.
(2) The commissioners shall each give a bond, approved by the county judge/executive. The commissioners shall be allowed a reasonable compensation for their services by the fiscal court, to be paid out of the county road fund.
(3) The commissioners shall be selected at least fifteen (15) days before the date of the election on the question of the bond issue, and their names shall be published pursuant to KRS Chapter 424.